Wipro · Research view

Wipro Ltd.

NSE: WIPROBSE: 507685ISIN INE075A01022Face value ₹2consolidated

₹160

+1.59% · 2026-10-01 · 52-wk ₹157–₹273

Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidated standalone

Section 02 · Synthesis

What stands out?

The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.

StrengthConcernWatchContext

ContextTalking point

Cheaper than peers — but earns less

P/E of 12.59× is below the computers software and consulting median (22.52×) — but ROE of 15.5% is also below that peer set (21.3%), so the lower multiple tracks the lower profitability.

Importance 58 / 95 · valuation

Context

Lower P/B than peers

Trades at 1.90× book — 58% below the computers software and consulting median of 4.53×.

Importance 51 / 95 · valuation

Context

Lower P/E than peers

Trades at 12.59× earnings — 44% below the computers software and consulting median of 22.52×.

Importance 50 / 95 · valuation

Section 03 · The company

Who is this company?

Classified by the exchange under Information Technology › Information Technology › IT - Software › Computers - Software & Consulting.

Market cap: ₹1.67 L cr
FY2026 revenue: ₹92,624 cr
FY2026 net profit: ₹13,266 cr
Net worth: ₹88,269 cr
Total debt: ₹16,787 cr
EPS (basic): ₹12.60
Listed: NSE · BSE
Reporting: Ind-ASApr–Mar

Peer set used on this page: 9 computers - software & consulting.

Section 04 · Business performance

Is the business growing?

Revenue & net profit — FY22 to FY26₹ crore · consolidated

RevenueNet profit

Context

Revenue has compounded at 4.0% a year over 4 years (₹79,312 → ₹92,624) — steady rather than rapid.

Rule REVENUE_COMPOUNDED_MODERATE

Revenue growth per year: +4.0%over 4 years
Revenue growth: +4.0%vs last year
Net profit growth: +0.4%vs last year
Change in net profit since FY22: +8%

Section 05 · Recent activity

What changed recently?

Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.

Strength

Q1 FY27 revenue was ₹24,479 cr, up 10.6% from ₹22,135 cr in Q1 FY26 a year earlier.

Rule QTR_REVENUE_GROWTH_YOY

Strength

Q1 FY27 revenue of ₹24,479 cr is the highest of the 13 quarters on record for this company.

Rule QTR_REVENUE_AT_RECORD

Watch

Q1 FY27 interest (finance cost) was ₹473 cr, up 31.0% from ₹361 cr a year earlier.

Rule QTR_INTEREST_EXPENSE_CHANGE_YOY

A. Quarterly results

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated

RevenueNet profit

Quarter	Revenue	YoY	Net profit	YoY	Net margin
Q2 FY25	22,302	—	3,227	—	14.5%
Q3 FY25	22,319	+0.5%	3,367	+24.7%	15.1%
Q4 FY25	22,504	+1.3%	3,588	+25.5%	15.9%
Q1 FY26	22,135	+0.8%	3,337	+9.9%	15.1%
Q2 FY26	22,697	+1.8%	3,262	+1.1%	14.4%
Q3 FY26	23,556	+5.5%	3,145	−6.6%	13.4%
Q4 FY26	24,236	+7.7%	3,522	−1.9%	14.5%
Q1 FY27	24,479	+10.6%	3,356	+0.6%	13.7%

B. TTM snapshot

Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters

Revenue: ₹94,968 crTTM
EBITDA: ₹21,998 crTTM
EBIT: ₹18,968 crTTM
PBT: ₹17,398 crTTM
Net profit: ₹13,285 crTTM

C. Corporate actions

27 Jul 2026DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share

5 Jun 2026BuybackBuy Back of Shares

27 Jan 2026DividendInterim Dividend - Rs. - 6.0000 — ₹6.00/share

28 Jul 2025DividendInterim Dividend - Rs. - 5.0000 — ₹5.00/share

28 Jan 2025DividendInterim Dividend - Rs. - 6.0000 — ₹6.00/share

3 Dec 2024Bonus issueBonus issue 1:1 — 1:2

24 Jan 2024DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

16 Jun 2023BuybackBuy Back of Shares

24 Jan 2023DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

5 Apr 2022DividendInterim Dividend - Rs. - 5.0000 — ₹5.00/share

21 Jan 2022DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

22 Jan 2021DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

10 Dec 2020BuybackBuy Back of Shares

24 Jan 2020DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

20 Jun 2019BuybackBuy Back of Shares

6 Mar 2019Bonus issueBonus issue 1:3 — 3:4

29 Jan 2019DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

31 Jan 2018DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share

14 Sept 2017BuybackBuy Back of Shares

13 Jun 2017Bonus issueBonus issue 1:1 — 1:2

2 Feb 2017DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share

11 Jul 2016DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share

5 May 2016BuybackBuy Back of Shares

25 Jan 2016DividendInterim Dividend - Rs. - 5.0000 — ₹5.00/share

20 Jul 2015DividendFinal Dividend - Rs. - 7.0000 — ₹7.00/share

Section 06 · Business performance

Is it becoming more profitable?

Margins — FY22 to FY26% of revenue · consolidated

EBITDA marginNet margin

Margin and return trends are shown above.

EBITDA margin now: 23.4%
5-year range: 21.1–24.6%
ROE FY2026: 15.5%
ROCE FY2026: 18.4%

Section 07 · Financial health

Is financial health improving?

Net worth — FY22 to FY26₹ crore · consolidated

Net worth (shareholders' funds)

Strength

Operating cash flow has matched or exceeded reported profit in 4 of the last 5 profit-making years (latest 1.13×).

Rule CFO_CONSISTENTLY_EXCEEDS_PAT

Operating cash flow vs net profit₹ crore · FY22–FY26

Operating cash flowNet profit

Total debt: ₹16,787 cr
Operating cash flow ÷ net profit: 1.13×FY2026
Free cash flow: ₹13,447 cr
Current ratio: 2.05×

Free cash flow has been positive in 5 of the last 5 years.

Section 08 · Relative position

How does it compare with peers?

Ranked against 9 computers - software & consulting (FY2026, consolidated).

Revenue growth

WIPRO · 9th of 9 · set median 11.2%

EBITDA margin

WIPRO · 3rd of 9 · set median 20.8%

Return on equity

WIPRO · 9th of 9 · set median 21.3%

P/E ratio

WIPRO · 1st of 9 · set median 22.5×

Context

P/E of 12.59× is below the computers software and consulting median (22.52×) — but ROE of 15.5% is also below that peer set (21.3%), so the lower multiple tracks the lower profitability.

Rule CHEAP_VS_LOW_RETURNS

P / E: 12.6×TTM to Jun 26
P / B: 1.9×latest book
P / S: 1.8×TTM sales
Earnings yield: 7.9%TTM to Jun 26

On the trailing twelve months. Last full year: P/E 12.6× · P/S 1.7× · ROE 15.5%.

Section 09 · The stock

How has the stock performed?

Adjusted close — 2020-01 to 2026-10₹ per share · split / bonus adjusted

Long-term price performance is shown above.

1-year return: −33.8%
3-year return: −21.4%
5-year return: −49.9%
From 52-wk high: −41.5%

Section 10 · Technical data

What does the technical data say?

Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.

vs 50-day avg: Below₹176
vs 200-day avg: Below₹203
RSI (14): 29.7oversold
MACD histogram: -0.7
From 52-wk high: −41.5%
From 52-wk low: +1.6%
30-day volatility: 20.8%ann.
6-month return: −15.5%

RSI (14) · 0–10029.7 — oversold

Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

Nothing is flagged for review for this company.

Data coverage is complete — 5 years of financials (FY2022–FY2026), full P&L, balance sheet and cash-flow statement, sector metrics fully mapped.

Section 12 · Reference

The numbers

The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.

Income & balance sheet — ₹ crore, consolidated
Metric	FY22	FY23	FY24	FY25	FY26
Revenue	79,312	90,488	89,760	89,088	92,624
Total income	81,373	92,753	92,391	92,972	96,498
EBITDA	18,745	19,119	19,407	21,905	21,685
Profit before tax	15,135	14,771	14,744	17,470	17,317
Net profit	12,243	11,367	11,112	13,218	13,266
EPS (₹)	22.4	20.7	20.9	12.6	12.6
Net worth	65,455	77,727	74,667	82,578	88,269
Total debt	15,170	15,009	14,147	16,182	16,787
Operating cash flow	11,080	13,060	17,622	16,943	14,932
Free cash flow	9,138	11,631	16,973	15,651	13,447

Key ratios — consolidated
Ratio	FY22	FY23	FY24	FY25	FY26
Growth
Revenue growth YoY	—	14.1	-0.8	-0.7	4.0
Profit growth YoY	—	-7.2	-2.2	19.0	0.4
Profitability
EBITDA margin %	23.6	21.1	21.6	24.6	23.4
Net margin %	15.0	12.3	12.0	14.2	13.7
Return on equity %	18.7	15.9	14.6	16.8	15.5
Return on capital %	19.4	18.2	17.6	20.2	18.4
Leverage & cash
Debt to equity	0.23	0.19	0.19	0.20	0.19
Cash flow ÷ profit	0.90	1.15	1.59	1.28	1.13
Current ratio	2.01	2.47	2.58	2.72	2.05